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Upcoming IPO: Zomato Limited

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Incorporated in 2010, Zomato Limited is one of the leading online Food Service platforms in India in terms of the value of food sold as of Dec 31, 2020. As of December 31, 2020, Zomato has established a strong footprint across 23 countries with 131,233 active food delivery restaurants, 161,637 active delivery partners, and an average monthly food order of 10.7 million customers.

About Zomato Limited

Zomato’s technology platform connects customers, restaurant partners and delivery partners, serving their multiple needs. Customers use its platform to search and discover restaurants, read and write customer-generated reviews, view and upload photos, order food delivery, book a table, and make payments while dining at restaurants.

On the other hand, the company provides restaurant partners with industry-specific marketing tools to engage and acquire customers to grow their business while also providing a reliable and efficient last-mile delivery service.

The company also operates a one-stop procurement solution, Hyperpure, which supplies high-quality ingredients to restaurant partners. It also provides delivery partners with transparent and flexible earning opportunities.

As of March 2021 data, the company is present in 525 cities in India, with 3,89,932 active restaurant listings. 

Zomato’s consolidated loss in the financial year ended March 2020 widened at Rs. 2,385.6 crores from a loss of Rs. 1,010.2 crores in the previous year. But revenue nearly doubled to Rs. 2,604.7 crores from Rs. 1,312.58 crores in the same period.

Consolidated loss for financial year FY21 stood at Rs. 816.43 crores on revenue of Rs 1,993.78 crore. The decline in revenue was primarily due to the impact of Covid-19.

This IPO will be the largest in the last 16 months after SBI Cards (Rs. 10,355 crores) launched in March 2020.

Zomato Limited IPO Issue Details

OPENS ON: 14th July 2021
CLOSES ON: 16th July 2021
Price band: Rs. 72 – Rs. 76 per share
Lot size: 195 shares
One lot costing: Rs. 14,820
Face Value: Re. 1 per share
Listing on: NSE, BSE
Issue size: Rs. 9375 crores (Fresh issue: 9000 cr + Offer For Sale: Rs.375 cr)

Will list on the exchange on July 27, 2021.

Objects of the issue:

  • Funding organic and inorganic growth initiatives.
  • Meet general corporate purposes.

Interesting facts about G R Infraprojects Limited IPO:

  • A strong network of 131,233 restaurants and 161,637 delivery partners.
  • The company is a technology-first organisation leveraging artificial intelligence, machine learning and deep data science to continuously drive innovations on the platform for its community of customers, delivery partners and restaurant partners. 
  • The company is in the 77th position in India’s top 100 start-up ranking.

Get the complete coverage of the Zomato Ltd IPO in the MSFL Research Report Here. To apply for Zomato Ltd IPO, you can do it from our Marwadi Shares & Finance Ltd website.

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